When a bank fails in the United States, questions about who is to blame are often directed at many different regulatory agencies, because the system is complex and hard for outsiders to understand. In the wake of the collapse of Silicon Valley Bank, the case for an overhaul could not be stronger.
laments that the post-2008 Dodd-Frank reforms left in place a framework riddled with structural shortcomings.
Richard Haass
explains what caused the Ukraine war, urges the West to scrutinize its economic dependence on China, proposes ways to reverse the dangerous deterioration of democracy in America, and more.
If the US Federal Reserve raises its policy interest rate by as much as is necessary to rein in inflation, it will most likely further depress the market value of the long-duration securities parked on many banks' balance sheets. So be it.
thinks central banks can achieve both, despite the occurrence of a liquidity crisis amid high inflation.
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卡布里奇——
最近,美国最高法院发布了一项决议,扩大了公司把资金用在政治运动与候选人上的自由范围——这是世界上其他国家的公司早已享有的自由。这引发了一些众所周知的问题:民主与私权。但通常也忽视了另一个关键的问题:谁应该为上市交易公司决定是否将资金用于政治活动,数目多少,最终的目标是什么?
根据传统的企业法惯例,与普通的企业决策一样,上市公司所作出的政治决策同样受这些法规的约束。因此,做出这类决策不受普通股东或者独立董事干预,也未披露细节。然而,所有这些却是企业法为做出其他行政决策(例如涉及管理层薪资水平或关联方交易)而制定的保证条款。
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